BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
Date of Decision: 08.08.2019
Misc. Application No. 106 of 2018
And
Appeal No. 137 of 2018
United Drilling Tools Limited
139A, First Floor,
Antrisksh Bhawan,
22 Kasturbha Gandhi Marg,
New Delhi- 110 001
…Appellant
Versus
BSE Limited (BSE)
Floor 25, P. J. Towers,
Dalal Street,
Mumbai- 400 001
…Respondent
Ms. Mugdha Modi, Advocate i/b Juris Link for the Appellant.
Mr. Manish Chhangani, Advocate i/b Khaitan & Co. for the
Respondent.
CORAM: Justice Tarun Agarwala, Presiding Officer
Dr. C.K.G. Nair, Member
Justice M. T. Joshi, Judicial Member
Per: Justice Tarun Agarwala (Oral)
Misc. Application No. 106 of 2018
For the reasons stated in the application the delay is
condoned.

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Appeal No. 137 of 2018
1.

By three orders of April 25, 2017 penalty of a sum of
` 439327/-, ` 1023500/- and ` 1058000/- was imposed for
violation of Regulation 33 of the Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015.

During the pendency of the appeal, the
appellant has deposited a sum of ` 21 lakhs.

The learned
counsel for the appellant states that she does not wish to press
the appeal on merits and only seeks time to deposit the balance
amount for which some time may be given.

2.

Considering the aforesaid, that a sum of ` 21 lakh has
already been deposited and looking into the financial status, we
dispose of the appeal with a direction to the appellant to deposit
the balance amount of ` 4,34,000/- within two months from
today.
Sd/Justice Tarun Agarwala
Presiding Officer
Sd/Dr. C.K.G. Nair
Member
Sd/Justice M. T. Joshi
Judicial Member
08.08.2019
Prepared & Compared By: PK